EUR/TRY at key level, what are the prospects?

EUR/TRY H4 Our expectations: The pair is in a key area that will be of key importance to the short-term trend. Following the rebound of the main diagonal supported by a horizontal support area, the price has completely erased the efforts of the Turkish central bank to stabilize the TRY depreciation. The price reached a […]

EUR take support after good consumer and IFO business confidence

Even after the worse data on consumer confidence in Germany today, the data remains close to the record for the country over the past 12 months. Like the IFO’s strong performance in the country, consumer confidence has proven Germany’s good development. In recent months, the country has been covered by political and economic crises largely […]

EUR/USD – Why the “strong” support zone will be fall

After worse data on new jobs in the US, the EUR/USD managed to keep above the last significant support in the area between 1.1500 and 1.1600. On H4, we can trace pure Price Action during the most active part of the day. In the support area we have an absorbing bar as well as a […]

EUR/CAD – Good levels to build mid-term short position

EUR/CAD – D1 Our expectations – the euro lose steam day before the ECB meeting, after which Mario Draghi is expected to confirm the direction of monetary policy, namely tightening. Judging by the market reaction, it seems that traders have already accumulated this news and there is nothing to provoke purchases of the United Currency. […]

ING Bank: We do not expect deep EUR/USD correction

After ECB confirmation that we will see an increase in interest rates until the summer of 2019, it appears that the ECB’s and FED’s monetary policy differences will continue over the next 12 months. This is largely already accrued in the price of the euro and we will hardly see a deep correction at EUR […]

ECB consider a summer rate hike in 2019 – EUR Bulls is back

The sentiment among ECB members began to change sharply, after it became clear, that some of the central bankers were of the opinion that the bank had to raise the base interest rate early in summer in 2019, not at the end of the year. The news was positively accumulated by euro-investors, with the EUR […]

Mario Draghi: ECB will pull out QE, EUR not react

Mario Draghi said Eurozone inflation is “autopilot”, allowing the ECB to withdraw its bond purchase in spite of growing fears about global trade war. To the disappointment of all EUR-investors, the central banker said the main risks stemming from the increasingly strong protectionism in Europe. “Our confidence in inflation is rising, although uncertainties surrounding global […]

EUR/USD – it’s to early for bull celebration

EUR/USD – D1 Our expectations – Undoubtedly bad data from the US today will have a negative impact on USD in the long run, but it is good to look in detail. The pair’s price remains in broad consolidation, formed in the support area between 1.15000 and 1.1700. Looking at H4, it is clear that […]

Add a German crisis to the risk-list

German media (Bild) reports the interior minister and Leader of the Christian Social Union, Merkel coalition partner in government, Horst Seehofer has rejected the migration deal Angela Merkel negotiated at last week’s Brussels summit. Seehofer said the meeting he had with Merkel on Saturday evening was “futile and pointless”. This is a political crisis for […]